Bank Innovation

SEPTEMBER 13, 2018

Only months after launching a digital prepaid card for its corporate customers, Bank of America Merrill Lynch continues to expand its digital offerings for its corporate clients. can now use BofA Merrill Lynch mobile wallet on Apple Pay, Google Pay, and Samsung Pay. As of today, corporate cardholders in the U.S.

America 170

America Mobile Samsung Apple 170

PYMNTS

JUNE 3, 2020

In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. MercadoLibre is an eCommerce platform similar to Amazon , with its own payments infrastructure that has grown into credit, mobile payments and asset management capabilities. percent in YOY growth.

America 248

America Regional Fraud Mobile 248

PYMNTS

DECEMBER 14, 2020

When Bank of America Rewards Executive John Sellers glanced at his in-house numbers over the last year, the evidence was plain to see. As of the third quarter he said, Bank of America was reporting 39 million digital users, 30 million of whom are mobile users, and 43 million mobile check deposits were seen during the quarter alone.

Video 292

Video America Online Mobile 292

Bank Innovation

JULY 18, 2017

Overall, mobile banking usage is still growing, but more quickly at some financial institutions. Bank of America Corp., which reported earnings today, saw about 3% growth in its mobile users during the second quarter. million mobile active users from 22.2 The bank grew to 22.9 million MAUs in the first quarter.

America 191

America Mobile Report Online 191

PYMNTS

JULY 16, 2020

Bank of America reported Thursday (July 16) that that the number of customers using the firm’s mobile and digital platforms grew during the second quarter even as the pandemic raged. The bank boosted reserves even as the firm’s active mobile banking users rose 9 percent to 30.3 BofA said its provision for credit losses hit $5.1

America 144

America Mobile Cards Community 144

Bank Innovation

JUNE 22, 2016

based Bank of America has passed the 20 million mark in active mobile users. million mobile users last April in its 1Q earnings report, and quarter-over-quarter Read More. Charlotte, N.C.-based No announcement was made, but a spokeswoman for the bank disclosed to Bank Innovation yesterday that the milestone has been crossed.

America 170

America Mobile Charlotte Innovation 170

Bank Innovation

DECEMBER 14, 2018

Bank of America has redesigned its mobile app for the iPad. The new tablet design now mirrors the look and functionality of the BofA iPhone mobile banking app.

America 186

America Mobile Apple Online 186

Bank Innovation

OCTOBER 17, 2016

As previously reported on Bank Innovation, mobile banking is the top area of innovation banks in which are spending money—and it appears to be working, with Chase and Wells Fargo both reporting accelerated growth in mobile users last week, and with Bank of America also reporting strong growth today on the Read More.

America 150

America Mobile Report Innovation 150

PYMNTS

OCTOBER 15, 2018

It’s the start of the new earnings season, and Bank of America , among the first companies out of the gate, set a positive tone Monday (October 15) when it released its third-quarter financials — a report that showed mobile banking growth, along with other gains. The number of mobile banking users increased 10 percent, to 25.9

America 134

America Mobile Report Cards 134

Bank Innovation

DECEMBER 8, 2017

EXCLUSIVE – Bank of America has rolled out a series of features and upgrades to its mobile banking app including a timely partnership for the holiday season with Blackhawk Network Holdings’ gift card marketplace Gift Card Mall.

America 170

America Mobile Cards Management 170

Payments Dive

MARCH 19, 2020

As restaurants across the United States shutter dine-in locations and switch to carry-out and delivery-only options, many fast casuals are discounting or totally waiving delivery fees in an effort to not only help keep their businesses alive but to do also make it easier for Americans to access food.

America 307

America United States Mobile 307

Bank Innovation

AUGUST 2, 2016

A new video from Bank of America shows a tool called Home Loan Navigator that allows borrowers to manage the mortgage process via mobile — sort of. It shows a happy couple watching the stages of their loan process on a tablet (spoiler: it’s approved). One part of the video Read More.

Video 150

Video America Mobile Tools 150

PYMNTS

JULY 2, 2018

Take mobile banking , for instance. According to Tom Durkin, Bank of America ‘s head of digital channels, financial institutions have a new opportunity to embrace this development. ” A 2017 survey from Bank of America found a 14 percent increase in the number of consumers using mobile banking apps compared to 2015. .

America 117

America Mobile Security Technology 117

Bank Innovation

APRIL 14, 2016

The mobile banking market is not saturated — not even close. The three largest banks — JPMorgan Chase, Bank of America, and Wells Fargo & Co. — saw sustained growth in the first quarter — one of the fastest-ever for Bank of America, said CEO Brian Moynihan during today’s earnings call.

America 150

America Mobile Marketing 150

Payments Dive

MARCH 15, 2019

Jim Kander, Spectralink's director of sales, Retail Americas, explains why retailers that are eager to go mobile CX need to do more than simply deploy a mobile device or solution. They'll need to create a more collaborative and customer-centric partnership.

Customer Experience 294

Customer Experience Mobile America Retail 294

South State Correspondent

JULY 28, 2015

Bank of America just released their second annual “Bank of America Trends in Consumer Mobility Report” and it shows consumer’s growing reliance on smartphones. The report finds that 38% of respondents are never away from their phones and only 7% entirely shut down on vacation.

America 150

America Trends Mobile Report 150

Bank Innovation

OCTOBER 5, 2018

Bank of America is hoping to bridge that gap, albeit in a small way, by allowing its clients to move seamlessly between Bank of America, Merrill Lynch, Merrill Edge, and U.S. Trust […].

America 150

America User Experience Mobile Management 150

Bank Innovation

JULY 15, 2019

Citibank is reporting strong mobile user growth. In a second-quarter earnings call today, the bank reported active mobile users grew 12 percent year-over-year for North America customers (11.4 Meanwhile, online banking grew more modestly, with a 6% increase for North America customers (18.8 […]. million users).

Mobile 186

Mobile America Online Report 186

PYMNTS

JULY 23, 2020

Citi has launched a new mobile app for its Citi Supplier Finance platform in Latin America to help suppliers get more working capital, according to Finextra. Citi Supplier Finance programs are working with over 18,000 suppliers in Latin America and several hundred corporate clients, Finextra reported.

Capital 178

Capital Mobile Company America 178

Bank Innovation

JULY 15, 2019

Citibank is reporting strong mobile user growth. In a second-quarter earnings call today, the bank reported active mobile users grew 12 percent year-over-year for North America customers (11.4 Meanwhile, online banking grew more modestly, with a 6% increase for North America customers (18.8 […]. million users).

Mobile 170

Mobile America Online Report 170

Bank Innovation

MARCH 10, 2017

The bank’s mobile app userbase soared in 2016, Bank Innovation has learned. According to a company spokeswoman, “last year alone, North America mobile app customers have grown by 50%, and mobile app downloads have doubled — we saw over 3.25 million downloads in 2016,” she […].

Mobile 285

Mobile America Groups Innovation 285

PYMNTS

FEBRUARY 6, 2019

Bank of America announced on Wednesday (Feb. In a press release , Bank of America said the new dashboard is available to business banking customers, giving them a view of their cash flow. Bank of America is rolling out the service to help its more than nine million small businesses customers.

America 181

America Tools Mobile Analysis 181

Payments Source

JUNE 12, 2020

Latin America is seeing a surge in digital wallet adoption as governments seek ways to disburse coronavirus aid to vulnerable citizens, and consumers look for safe alternatives to cash.

America 115

America Mobile Payments 115

Payments Dive

MAY 14, 2019

Fortumo's latest market report gives an overview of the mobile payments landscape in Latin America: Brazil, Mexico, Argentina, Colombia, Peru, Chile and Ecuador.

America 170

America Report Marketing Mobile 170

Bank Innovation

APRIL 11, 2018

EXCLUSIVE - Bank of America today notified its mobile app customers of a new feature with PFM functionalityr The new "Goal Tool," can be accessed through the mobile app. A user can add a goal (and even attach a picture to that goal), and then can allocate money to that goal within the app. For […].

America 170

America Mobile Tools Online 170

PYMNTS

JANUARY 21, 2021

One common theme amid bank earnings — beyond lofty trading revenues gleaned from Wall Street — has been the increased uptake of mobile banking. Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs. million individuals.

Mobile 252

Mobile Report Trends Digital Banking 252

PYMNTS

APRIL 16, 2018

Continuing the run of earnings beats for banks, Bank of America announced news on Monday (April 16) that loan growth helped lift results above Wall Street estimates, while digital initiatives showed strong momentum. Active mobile banking users, the company said, grew by 12 percent to 24.8 Mobile channel usage was up 32 percent to 1.4

America 115

America Mobile Company Payments 115

PYMNTS

OCTOBER 1, 2018

A new survey from Bank of America shines a spotlight on the increasing concerns — and increasing costs — of data breaches. Bank of America said data breaches can be “devastating” to small businesses. Fifty-one percent of small businesses surveyed also said they maintain an eCommerce site, up from 44 percent in last year’s survey.

America 181

America Data Survey Mobile 181

PYMNTS

JULY 29, 2020

Bank of America (BoA) has expanded its mobile wallet use to include corporate customers in the Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC) regions, hoping to enhance clients’ experiences through faster and more secure business transactions, according to a press release. and Canada.

Mobile 247

Mobile America Security Cards 247

Bank Innovation

JULY 15, 2019

Citibank is reporting strong mobile user growth. In a second-quarter earnings call today, the bank reported active mobile users grew 12 percent year-over-year for North America customers (11.4 Meanwhile, online banking grew more modestly, with a 6% increase for North America customers (18.8 […]. million users).

Mobile 150

Mobile America Online Report 150

Bank Innovation

OCTOBER 15, 2018

A few months ago, Dean Athanasia, president of consumer & small business at Bank of America, said his goal for the bank was to drive sales from digital channels up to 50% over the next 18 months. However, the bank has not made significant progress towards that goal yet. According to its 3Q earnings for […].

America 150

America Mobile Operations Online 150

Bank Innovation

NOVEMBER 14, 2017

EXCLUSIVE–Just having a mobile app is no longer a differentiating factor for consumers when it comes to picking a bank, but that doesn’t mean consumers aren’t searching for a unique mobile banking experience.

Mobile 281

Mobile Regional America Online 281

Bank Innovation

AUGUST 28, 2017

Bank of America filed for nine more blockchain patents. In total, Bank of America now has filed for over 30 blockchain patents since last year. These filings were recently made public by the U.S. Patent and Trademark Office.

America 236

America blockchain Payments cryptocurrency 236

Bank Innovation

JUNE 8, 2016

After a yearlong absence, Bank of America’s mobile app is now available on Windows mobile devices. BofA announced last year that starting “early” March 2015 it will no longer support its mobile app on Windows 10 Mobile, Windows Phone 8.1, The app Read More.

America 150

America Mobile Online Innovation 150

Bank Innovation

AUGUST 18, 2017

Banks like JP Morgan Chase, Bank of America Merrill Lynch, and Wells Fargo are announcing new mobile features and adding new mobile users every day, but mobile can be a challenge for smaller banks that don’t have the resources of a Wells or Chase.

Mobile 252

Mobile America Resources US 252

Bank Innovation

JANUARY 17, 2018

EXCLUSIVE— While mobile banking usage appears to be steadily increasing, some banks are getting better at it than others. Bank of America, which reported its fourth quarter earnings for 2017 today, stated that the bank now has 24.2 million mobile active banking users, up 2% from 23.6

Mobile 249

Mobile America Report Online 249

PYMNTS

MAY 18, 2020

Bank of America has lowered its rating of Square Inc. Shares of the San Francisco-based mobile payment company fell by 2.29 by two notches Monday (May 18), downgrading the stock to “underperform” from “buy” amid fears that shops, restaurants, and salons will struggle once COVID-19 funds are spent.

America 186

America San Francisco New Jersey Resources 186